Cango (CANG) Days Sales Outstanding

: 57.36 (As of Sep. 2023)

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Cango's average Accounts Receivable for the three months ended in Sep. 2023 was $30.5 Mil. Cango's Revenue for the three months ended in Sep. 2023 was $48.5 Mil. Hence, Cango's Days Sales Outstanding for the three months ended in Sep. 2023 was 57.36.

The historical rank and industry rank for Cango's Days Sales Outstanding or its related term are showing as below:

CANG' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.4 Med: 24.91 Max: 47.14
Current: 44.98

During the past 7 years, Cango's highest Days Sales Outstanding was 47.14. The lowest was 0.40. And the median was 24.91.

CANG's Days Sales Outstanding is ranked better than
68.69% of 1271 companies
in the Vehicles & Parts industry
Industry Median: 60.7 vs CANG: 44.98

Cango's Days Sales Outstanding increased from Sep. 2022 (41.50) to Sep. 2023 (57.36).

Cango Days Sales Outstanding Historical Data

The historical data trend for Cango's Days Sales Outstanding can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cango Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

29.41

30.00

24.91

16.82

47.14

Cango Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Sales Outstanding																41.50	37.15	57.93	51.12	57.36

Competitive Comparison

For the Auto & Truck Dealerships subindustry, Cango's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cango Days Sales Outstanding Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Cango's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Cango's Days Sales Outstanding falls into.

Cango Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Cango's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (35.097	+	38.274)	/	2 )	/	284.07	*	365
=	36.6855					/	284.07	*	365
=	47.14

Cango's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (43.955	+	16.966)	/	2 )	/	48.458	*	365 / 4
=	30.4605					/	48.458	*	365 / 4
=	57.36

Cango (NYSE:CANG) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Cango Days Sales Outstanding Related Terms

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Cango (CANG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cango Inc (NYSE:CANG) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

9C0A:Germany

Address

556 West Haiyang Road, 8th Floor, New Bund Oriental Plaza II, Pudong New Area, Shanghai, CHN, 200124

Website

https://www.cangoonline.com

Cango Inc is an automotive transaction service platform in China connecting dealers, financial institutions, car buyers, and other industry participants. The services mainly consist of - automotive financing facilitation, automotive transaction facilitation, and aftermarket service facilitation. Geographically, it derives revenue from China.